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Singapore stocks open higher on Thursday; STI up 0.8%

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SINGAPORE shares rose on Thursday even as local lenders DBS and United Overseas Bank (UOB) posted lower Q2 earnings. Read more at The Business Times.

in second-quarter net profit, hurt by weaker income and a surge in provisions. The board declared an interim dividend of 39 Singapore cents per share, down from the year-ago quarter of 55 cents per share.Other active index counters include Riverstone Holdings, which fell 2.6 per cent to S$0.11 to S$4.10. The Malaysian glove maker posted ato RM137.5 million for the six months ended June, driven by the spike in global demand for its healthcare examination gloves, clean-room gloves and face masks.

The Singapore Exchange gained 0.5 per cent or S$0.04 to S$8.80, while Keppel Corporation lost 0.6 per cent or S$0.03 to S$5.35.as US stocks shrugged off lacklustre employment data and advanced on optimism over additional fiscal support.amid positive earnings reports and a surge in commodities shares, but losses in defensive sectors and worries about surging coronavirus cases globally tempered the mood.

 

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